Nautilus Group 8-K 2005
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant To Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: July 7, 2005
(Date of earliest event reported)
(Exact name of registrant as specified in its charter)
16400 SE Nautilus Drive
Vancouver, Washington 98683
(Address of principal executive offices and zip code)
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS
On July 7, 2005 James M. Weber resigned from the Board of Directors of Nautilus, Inc. (the Company) following completion of the Companys acquisition of DashAmerica, Inc. d/b/a PEARL iZUMI USA. The resignation was effective July 8, 2005. Mr. Weber is the President and Chief Executive Officer of Brooks Sports, Inc., which competes in certain markets with PEARL iZUMI USA. Mr. Weber resigned in order to avoid any perceived or actual conflicts of interest. Mr. Weber did not participate in the deliberations or vote by the Board of Directors of Nautilus, Inc. related to the acquisition of PEARL iZUMI USA.
Mr. Weber has been a member of the Companys Board of Directors of since 2001. At the time of his resignation, Mr. Weber was serving on the Companys Compensation Committee and the Nominating and Corporate Governance Committee.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.